Dr Wayne Gertmenian

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Judge Clears CDI Payment to Guild

Judge Clears CDI Payment to Guild

A federal bankruptcy judge recently signed an order paving the way for Churchill Downs Inc. to make a contractual payment of nearly $150,000 to the Jockeys' Guild, which will use the money to pay medical and insurance bills.

Guild: Parity, Solidarity, Political Action for 2007

The Jockeys' Guild has outlined a five-point plan for 2007 that primarily focuses on financial matters, but it also has made a strong call for solidarity among the membership and heightened political action in individual states and Washington, D.C.

Jockeys' Guild Moves Tack to New Offices

In a further attempt to cut ties with former Jockeys' Guild president Dr. Wayne Gertmenian and his consulting firm Matrix Capital Associates, the Guild, under its new management, moved offices this week.

No Charges Filed After Fracas at Guild Office

Soon after the Jockeys' Guild senate elected a new board that voted to terminate the management contract of Matrix Capital Associations Nov. 15, a few Guild members and employees were involved in an altercation with deposed management representatives at the Guild office in Monrovia, Calif.

Jockeys Boot Gertmenian; Haire Temporarily in Charge

Jockeys took back the reins of the Jockeys' Guild Tuesday when they voted to remove Guild president Dr. Wayne Gertmenian from his post, terminate the Guild's relationship with Gertmenian's consulting firm, Matrix Capital Associates, and appoint Guild national member representative Darrell Haire as temporary national manager of the organization.

Gertmenian: 'It Has to Go on Somebody's Head'

As members of the Jockeys' Guild senate attempt to get a handle on the organization's financial situation and prepare for a possible vote on a management change, embattled president Dr. Wayne Gertmenian indicated he intended to follow through on a promise to Guild members that he wouldn't quit.

Guild Rep Haire Calls for Gertmenian's Resignation

Darrell Haire, one of the more recognizable faces of the Jockeys' Guild as a national member representative who often appears at industry meetings on behalf of riders, on Nov. 9 called for the immediate resignation of Guild president Dr. Wayne Gertmenian.

Guild Senate to Meet; Management on the Block

Members of the Jockeys' Guild senate have called a special meeting for Nov. 15 to decide whether to remove the current board of directors, elect a new board, and replace the management team headed by Dr. Wayne Gertmenian and his company, Matrix Capital Associates. The jockeys who issued the release left little doubt they want a change.

Jockeys' Guild Board Begins 'Internal Investigation'

The board of directors of the Jockeys' Guild will begin examining the organization's financial records at its office in Southern California, but members haven't made a decision on the status of Matrix Capital Associates, the entity that manages the Guild.

Jockeys' Guild Responds to Congressional Request

The Jockeys' Guild has responded to a request by a United States Congressional subcommittee related to its management, accounting and oversight of funds, but the information produced by the California-based Guild won't be available until the week of May 10.

Congressional Subcommittee Requests Guild Documents

A. U.S. Congressional subcommittee has asked the Jockeys' Guild to provide documents related to the Guild's management, accounting, and oversight of funds as well as information regarding Guild action relating to health insurance policies for on-track accident coverage.

McCarron: Plenty of Lost Sleep Over Guild

Hall of Fame jockey Chris McCarron said he has "lost a tremendous amount of sleep" over the ongoing Jockeys' Guild conflict but is hopeful it will be resolved to the benefit of riders and the racing industry at large.

Gertmenian: Tracks, Not Guild, Would Fuel 'War'

The chief executive officer of the Jockeys' Guild has reiterated his calls for cooperation from the racing industry, and indicated the tracks, not the Guild, would be responsible should there be what he called a "war" between the two industry factions.

TRA Wants Jockeys' Guild to Account for Funds

The Thoroughbred Racing Associations will ask the Jockeys' Guild to explain how it spends the $2.2 million a year it gives the Guild in exchange for their claim to media rights, TRA president Joe Harper said Dec. 9 after the organization met in Tucson, Ariz.

Guild Extends Matrix Capital Contract Through 2009

The Jockeys' Guild wrapped up its annual assembly Dec. 7 with the announcement that the contract of Matrix Capital Associates, headed by Dr. Wayne Gertmenian, has been extended through 2009. In addition, jockey Kent Desormeaux, who has said he was conducting due diligence into Guild business practices, failed to win re-election to the Guild senate and no longer sits on the executive committee.

Despite Increasing Controversy, Guild Seeks Solidarity

As the Jockeys' Guild prepares for its annual meeting in Irving, Texas, Dec. 6-7, organization management is under increasing fire from the racing industry and some of its own members. Still, the Guild appears poised to make a case for solidarity, and it remains to be seen whether substantial change will come about during the two-day meeting.

Insurance Panel Hopes to Expedite Recommendations

The National Thoroughbred Racing Association Jockeys' Medical Insurance Panel has identified several consensus points and hopes to have recommendations in place by Dec. 31, officials said after the panel's first meeting Nov. 22 at Turfway Park in Kentucky.

Guild Official: Industry Must Deal With 'Dr. G.'

A top official with the Jockeys' Guild has questioned the purpose of a new task force on insurance and indicated a resolution wouldn't be reached until the industry recognizes it must deal with Dr. Wayne Gertmenian, president and chief executive officer of the Guild.

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